The risk management approach consists of three stages. Which of these is not a stage identified in the ITIL guidance? Choose the best answer.

a. Analyze risks

b. Manage risks

c. Calibrate risks

d. Identify risks

The correct answer is c. Calibrate risks.

Explanation:

Risk management is the process of planning, organization, management and control of the human and material resources of an organization, in order to minimize or exploit the risks and uncertainties of the organization.

Uncertainties represent risks and opportunities with the potential to destroy or create value. The company's risk management allows managers to effectively address uncertainties as well as the risks and opportunities associated with them, in order to improve the ability to generate value.

Value is maximized when the organization establishes strategies and objectives to achieve the ideal balance between growth objectives, return on investment and the risks associated with them, and to explore its resources effectively and efficiently in achieving the organization's objectives ...